GAME OF HOMES. WE’LL TEACH YOU HOW TO WIN THE PROPERTY GAME.

GAME OF HOMES. WE’LL TEACH YOU HOW TO WIN THE PROPERTY GAME.
No Park Lane, paper money or green plastic houses, game of homes is a real life property game & it’s making those who are playing a lot of money. Let’s us showing you some winning tips.
1. Maximum impact, minimum cost. Big impact items like re-carpeting, painting will have the max. impact on your property for a minimum output 2. Always buy, don’t sell. Transactional costs in property are a lot higher than in stocks, so buying & selling frequently will burn $ 3. Invest in infrastructure areas such as French’s Forest & Dee Why. Look for where the big boys are developing as with developing comes anchor tenants, high profile businesses which encourages spending, increasing property values. 4. There’s 2 ways to make money in property. One is the rental yield, which often many people focus too heavily on. It is in fact the capital growth which will make you money. That is the amount of money your purchased the property for & what the value of the actual property is now. i.e If you purchased your property for $500,000 & now it’s worth $650,000 then you’ve made $150, 000. 4. You need to spend money to make money. You don’t necessarily need to keep your property (including investments) like a 5 star hotel, however it is important to spend money on your property as it’s keeps the value higher & if it’s an investment, you’ll attract a higher paying tenant. For investment properties, it’s always a good idea to put away approx. $100-$200 a month into a separate account for a rainy day. When tenants vacate, give the property a birthday whether it be fresh paint/carpet or even a new kitchen. Often home owners won’t actually invest in their place of residence until it’s time to sell. Why not invest by popping in a new kitchen or bathroom, enjoy the renovation & the investment on your new property all at the same time? Come & have a chat with us, we’d love to assist you in any way we can…..